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GC Asia
KfW taps quiet sterling market for £500m
The SSA sterling market had been deserted for two weeks thanks to a hostile cross-currency basis swap, but KfW returned on Thursday with a £500m tap.
The borrower selected Barclays and JP Morgan to run the books for a tap of its £800m December 2025 line. The spread was set at 20bp over the 2% Sept Gilt, in line with guidance. A banker away from the trade said this equated to 12bp over Sonia, which he
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Latest news from SSA
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UK edges ahead in race to claim world’s greenest central bank
04 Mar 2021 -
KfW EUR5bn 0% Jun 26
04 Mar 2021 -
Italy EUR8.5bn 1.5% Apr 45 green bond
04 Mar 2021 -
UK’s ‘KfW’ to be major capital markets player
04 Mar 2021 -
Italy brings biggest and longest sovereign green bond
04 Mar 2021
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